McDonald

McDonald’s Corporation today announced results for the fourth quarter and year ended December 31, 2023. Fourth quarter financial performance: Global comparable sales increased 3.4%, reflecting positive comparable sales across all segments: U.S. increased 4.3% International Operated Markets segment increased 4.4% International Developmental Licensed Markets segment increased 0.7%, reflecting the impact of the war in the Middle East Consolidated revenues increased 8% (6% in constant currencies). Systemwide sales increased 6% (5% in constant currencies). Consolidated operating income increased 8% (6% in constant currencies). Diluted earnings per share was $2.80, an increase of 8% (5% in constant currencies). Full year financial performance: Global comparable sales increased 9.0%, reflecting strong comparable sales across all segments: U.S. increased 8.7% International Operated Markets segment increased 9.2% International Developmental Licensed Markets segment increased 9.4% Consolidated revenues increased 10% (10% in constant currencies). Systemwide sales increased 10% (10% in constant currencies). Consolidated operating income increased 24% (24% in […]

McDonald’s Exec Says Anticipate 2024 Comp Sales Growth Will Continue To Moderate As We Return To More Normalized Level Of Growth; In IDL Segment, Do Not Expect To See Meaningful Improvement Until There Is Resolution In Middle East.

McDonald’s Exec Says Expect 2024 Comp Sales Growth “Getting Back To More Of That Historical Norm Range Of 3% To 4% In Both The U.S. And IOM This Year”.

McDonald’s says it expects to open more than 2,100 restaurants globally this year, up from its guidance last year. The chain says it will focus on areas of the U.S. with high population growth and a smaller concentration of existing McDonald’s for its domestic openings.

By Evie Liu When McDonald’s reports earnings Monday morning, investors will examine whether inflation continues to weigh on the frequency of customer visits and how much they spend at the fast-food chain. For the three months ended in December, analysts polled by FactSet expect McDonald’s to post $6.4 billion in revenue, up 8.8% from the year-ago period. Much of that growth would likely come from international markets as the company opens up more locations. Same-store sales are expected to increase 4.7% in the fourth quarter from a year ago, a more moderate pace compared with previous quarters as inflation eased toward the end of 2023. Analysts expect net income to come in at $2 billion for the period, which translates to earnings of $2.83 per share. That would be 8.3% higher than a year ago. There will likely be more growth going forward. In December, McDonald’s announced ambitious plans to

McDonald’s (NYSE:MCD) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here’s what investors need to know before the announcement. Analysts estimate that McDonald’s will report an earnings per share (EPS) of $2.82. McDonald’s bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

McDonald’s (MCD) remains poised for market-share gains in key international markets even amid investor concern over slowing same-store sales, UBS Securities said Tuesday in a report. UBS estimates 4% Q4 same-store sales growth in the US and said investor signals indicate expectations of “in line to modestly below” the 4.5% consensus view. The investment firm said negative investor sentiment emerged on the company’s 2024 operating margin guidance and elevated valuation compared with certain peers. McDonald’s is set to release its Q4 results on Feb. 5. UBS said investor focus will be on sales trends and customer spending patterns, the company’s international development licensed markets segment and additional commentary on its 2024 operating margin guidance of mid to high 40s%. While the company is expected to face “difficult comparisons and less pricing” in 2024, UBS said McDonald’s is still poised for long-term gains beyond 2024 given its sales leverage and cost

McDonald’s is expected to post 4Q results that include negative impacts from ongoing conflict in the Middle East, Baird analysts say in a research note. They expect the rest of the business to deliver a good performance and show solid overall operating momentum in the new year once the fast-food giant gets past a difficult 1Q comparison. But the analysts are trimming their 4Q estimates to reflect expectations for weakness in the Middle East, along with softer trends in Japan and uncertainties about China.

By Evie Liu Sales of fast food are a relative sweet spot for a restaurant industry struggling with inflation, so companies are trying to cash in. Companies from Restaurant Brands to McDonald’s and Domino’s Pizza have laid out aggressive growth plans they hope will bring a larger share of a bigger market. Sales at fast-food chains are rising far faster than those of so-called casual restaurants as rising prices send people toward cheaper options. Restaurants Brands, the owner of Burger King, is the latest to detail a hefty investment. It said Tuesday it would purchase its largest U.S. franchisee, Carrols Restaurant Group, in an effort to quickly upgrade its stores as part of a broader turnaround plan to boost Burger King’s sales growth and profitability. The company said in 2022 that it would spend $400 million on advertising, remodeling, and technology. Now it is spending another $1 billion on Carrols,

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target price to $335 from $290, 26.8x our 2024 EPS, in line with MCD’s five-year average forward P/E of 26.9x. We raise our 2023 EPS estimate to $11.82 from $11.73 and 2024’s to $12.51 from $12.29. After MCD’s investor day, we expect stronger growth in both revenue and profitability for the company. By 2027, MCD aims to expand its store count to approximately 50K (41K as of Q3), with annual system-wide sales expected to reach $45B. The company plans to leverage technologies such as Google Cloud to streamline operations and aims to achieve 30% of sales through delivery orders. MCD’s recent efforts to diversify offerings and cater to evolving consumer preferences are another bright spot, with the McCrispy and Best Burger offerings expected

HSBC analyst Meredith Jensen initiates coverage on McDonald’s (NYSE:MCD) with a Buy rating and announces Price Target of $317.